Short sell set up (Up coming)

Jan 28, 2020

Hello , Every one dont get confused with chart pattern , this charting is of 7 day candle , in order to reduce the noise i have used 7 trading days candle as single candle for

Identifying the pattern , Most of you will be using daily or weekly charting method ,

My view on BPCL is

It has entered in side way corrective pattern and visually appears it has completed its B wave leg , Now its due for its Wave c corrective leg down

Now when you look on daily you might see its trying make a rally , but one can wait for daily reversal and wait for Trend brake before entering the short sell

One can look for shorting 3 Months contracts in Futures as this will be time consuming pattern

Good luck

Feb 13, 2020

Trade active

now one can wait for daily pull back set up for short selling in case they are not in the trade as off now

Mar 12, 2020

Note

we are booking form 561 to 370 , all 5 lots we are booking now and we are closing this trade until we see next move

We booked 191 per lot

Mar 12, 2020

Trade closed: target reached